Skeena Resources Acquires Option to Acquire Snip Property from Barrick Gold

Skeena Resources (TSXV:SKE) has signed an option agreement with Barrick Gold (TSX:ABX) to acquire the Snip property in British Columbia, host to the past-producing, high-grade Snip mine.
As quoted in the press release:

The property consists of one mining lease and four mineral tenures totalling approximately 1,932 hectares in the Liard Mining Division. The Snip mine produced approximately 1 million ounces of gold from 1991 until 1999 at an average gold grade of 25 g/t at a 12 g/t reserve cut-off.

Skeena president and CEO, Walter Coles, said:

The Snip option agreement is an important step forward in our strategy to consolidate and develop high quality assets in British Columbia. The Snip property strongly complements Skeena’s Spectrum and GJ projects, which are also located in the Golden Triangle. We appreciate Barrick’s confidence in our team and their willingness to allow us to go back and explore on one of our Chairman, Ron Netolitzky’s, earliest successes in the region. We intend to be very aggressive about advancing this asset.

Click here for the full press release.